There's a new platform boasting as the "next generation letting agent" and will launch a franchise operation in preparation of it opening its services to landlords and tenants in the coming month.
Purplebricks-style Accommodation.co.uk is recruiting local lettings experts and will shortly be launching a platform which it says will streamline and automate most admin tasks. It has set out its ambition to be the “largest and best loved letting agency in the UK”.
The initial franchisees – to be called Local Lettings Consultants – will pay nothing.
A price of £1,000 will apply before the end of the year, with a price rise early next year.
The firm says this has yet to be confirmed but that it will be “extremely affordable compared to traditional letting agent franchise fees”.
On an ongoing basis, Local Lettings Consultants will pay a minimum £100 per month to Accommodation or 5% of revenue, whichever is greater.
The firm is looking to recruit franchisees in 12 areas by the end of this year, but says the number could easily be greater.
Accommodation says that franchisees will be able to set up without the barriers that come with traditional letting agent franchises, such as a high initial payment and additional set-up costs.
Franchisees will get training and marketing support, while a central property management team based at the company’s Manchester support center will handle day to day property management duties.
Landlords can choose between let-only and full management with charges from 4%. Properties will be advertised on Rightmove, Zoopla, Facebook and SpareRoom. Renters choose from ‘curated’ properties, which will have been individually inspected.
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